Mortgage and Financial News From 2008-1-10 Page 28

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  • Credit-Rating Clout

    Forbes - More than a year later, Paul goes to the bank to inquire about a mortgage. The people at the bank pull up Paul's credit report and find a bad debt from the credit-card company. According to the credit report, the company tried to collect for a year ...
    2008-01-10 12:04:00
  • Sector Snap: Credit Card Lenders

    Boston Globe - The disclosure of bad credit in Capital One's home equity mortgage debt portfolio should not surprise anyone, said CIBC World Markets analyst Meredith Whitney. The disintegration of mortgage credit quality has been widely publicized. "Spiking losses ...
    2008-01-10 12:54:00
  • Financial expert divulges steps to becoming a millionaire - Edmond Sun

    Financial expert divulges steps to becoming a millionaireEdmond Sun, OK - 3 hours agoThere are two types of debt: good debt and bad debt. A home loan is good debt but credit card debt and school loans can be nothing but bad, Woods said. ...
    2008-01-10 10:56:15
  • Capital One Slashes Profit Forecast on Loan Losses - Reuters

    Capital One Slashes Profit Forecast on Loan LossesReuters - 3 hours agoCapital One set aside $1.9 billion for bad loans in the fourth quarter, citing higher losses on US credit card and auto loans, and deterioration in $700 ...
    2008-01-10 11:03:03
  • Profits at US Companies May Drop on Subprime Losses (Update4) - Bloomberg

    Profits at US Companies May Drop on Subprime Losses (Update4)Bloomberg - 3 hours agoA slowdown in economic growth, coupled with higher inflation and unemployment and loans to people who have bad credit, will continue to plague companies ...
    2008-01-10 11:06:56
  • Frontline’s demise leaves D Block, public safety plans in limbo - RCRNews.com

    Frontline’s demise leaves D Block, public safety plans in limboRCRNews.com, CO - 2 hours agoOn the other hand, unfavorable financial conditions — fueled by the mortgage-credit crisis and other factors — may indeed have killed financing for ...
    2008-01-10 11:29:38
  • Blackstone To Buy GSO - Forbes

    Blackstone To Buy GSOForbes, NY - 2 hours ago"The combination of GSO’s businesses with our existing corporate debt operations will produce one of the largest credit platforms in the alternative asset ...
    2008-01-10 11:30:09
  • Chair: Fed Willing to Cut Interest Rates - The Associated Press

    Chair: Fed Willing to Cut Interest RatesThe Associated Press - 2 hours agoForeclosures have soared to record highs and financial companies have wracked up multibillion losses because of bad mortgage investments. ...
    2008-01-10 11:31:25
  • Stock markets claw back from early losses after Fed chief offers ... - The Canadian Press

    Stock markets claw back from early losses after Fed chief offers ...The Canadian Press - 1 hour agoThe announcement confirmed fears by some analysts that the collapse of the US subprime mortgage market has hurt other credit classes. ...
    2008-01-10 12:36:03
  • Help The Shareholders. Cut The Dividend - Forbes

    Help The Shareholders. Cut The DividendForbes, NY - 1 hour agoCutting it is seen as a bad signal. When things are bad across the industry, however, it's not so bad perception-wise. "People are expecting it," says ...
    2008-01-10 12:57:45
  • Countrywide Buyout Talk Lifts Market - FOXNews

    Countrywide Buyout Talk Lifts MarketFOXNews - 1 hour agoFreddie Mac (FRE) got some bad news from Moody’s Investor Services, which said today that it may opt to downgrade the mortgage company because of loan ...
    2008-01-10 12:59:07
  • MARKET SNAPSHOT: US Stocks Surge To End Volatile Day Higher; Dow ... - CNNMoney.com

    MARKET SNAPSHOT: US Stocks Surge To End Volatile Day Higher; Dow ...CNNMoney.com - 45 minutes ago"And there's general concern that Capital One is giving us bad news on the financial front," said Hogan of the credit-card issuer, which cut its earnings ...
    2008-01-10 01:38:58
  • The recession question - Guardian Unlimited

    The recession questionGuardian Unlimited, UK - 42 minutes agoIf you think that 18000 doesn't sound too bad, consider this: the US economy needs to add at least 120000 jobs a month to keep pace with the country's ...
    2008-01-10 01:41:59
  • US investigates sovereign funds as Wall Street hunts for capital - Times Online

    US investigates sovereign funds as Wall Street hunts for capitalTimes Online, UK - 36 minutes agoCapital One set aside $1.9 billion for bad loans in the fourth quarter, citing higher losses on credit card and car loans.
    2008-01-10 01:47:11
  • Bank of America in talks to buy Countrywide: report - MarketWatch

    Bank of America in talks to buy Countrywide: reportMarketWatch - 33 minutes agoBut we don't know how long the mortgage downturn will last and how bad the mortgage losses will ultimately be." Countrywide has been hit hard by surging ...
    2008-01-10 01:50:16